Thursday, March 22, 2012

Cut debt

Proposition 1. The national debt is rising and will continue to rise over the next decade.
Proposition 2. The debt is primarily caused by Medicare, Medicaid and Social Security.
Proposition 3. Candidates who propose cuts in these programs will not get elected.
If the above is correct then the re-election of President Obama is our best chance to control the debt because he will be in his second term and not have to be concerned about the election. He could resurrect the Simpson/Boles recommendations to cut entitlements and raise taxes which would get us on the road toward reducing the debt.
The question remains will his concern about the debt and the long term health of the country override his ideology of government taking care of people. Can he cut these sacred programs to prevent us from becoming like Greece?

No comments:

Post a Comment